By Tracy Qu
Baidu shares rose after the company said it is considering spinning off its AI chip unit.
The Beijing-based company is assessing a possible spinoff and listing for Kunlunxin (Beijing) Technology, according to a filing with the Hong Kong bourse on Sunday.
Baidu said the proposed spinoff and listing will be subject to regulatory approval processes and added that there is no assurance that the spinoff and listing will proceed. The news was first reported by Reuters on Friday.
The stock rose 4% to HK$126.40, equivalent to US$16.24, in morning trade on Monday, after climbing 5% on Friday. Baidu's gains outperformed the Hang Seng Tech Index, which was recently 0.1% lower.
The news comes as a number of Chinese chip companies have pursued domestic listings amid Beijing's push to end reliance on foreign technology.
Moore Threads, a domestic graphics processing unit designer, began trading in Shanghai last week. Its shares surged more than fivefold on Friday. Meanwhile, chip company MetaX plans to raise the equivalent of more than $550 million in Shanghai.
Baidu, once China's dominant internet search engine provider, has sought new growth drivers beyond its core business in recent years. The company has been investing in artificial intelligence, chip design, as well as autonomous-driving technologies.
Write to Tracy Qu at tracy.qu@wsj.com
(END) Dow Jones Newswires
December 07, 2025 23:05 ET (04:05 GMT)
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